Cleantek Industries Inc V.RPC

Primary Symbol: GLKFF

Energy

Raise Production Inc is an oilfield service company that focuses on the production service sector, utilizing its proprietary products to enhance and increase ultimate production in both conventional and unconventional horizontal oil and gas wells. It provides in-house design, manufacture of patented devices, reservoir analysis, and other related services. The company segments include Raise Efficient Artificial Lift system, Horizontal Artificial Recovery Technology and Corporate. It derives maximum revenue from the Raise Efficient Artificial Lift system segment. Geographically, it generates a majority of revenue from Canada and also has a presence in the US and Romania.

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Cleantek Industries Inc > Such a deal

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Comment by natureinmotionon May 12, 2018 10:58am

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Post# 28022315

RE:Such a deal

was a good deal or bad deal?

rustycat wrote: RPC, has just sold 13% of the company for 3.5 million CDN. And were forced to give exclusive rights to all their products for the entire US Market to SEH. Of course, the details of initial inventory purchase commitments, etc. are not known, but certainly, Raise was not negotiating from a position of strength. All I can say, is I hope SEH partners are benevolent.

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